BRVM rises 1.06% as Sonatel and discretionary stocks lead gains
The BRVM Composite rose 1.06% to 544.87 points on October 6, while the BRVM-30 gained 1.08% to 263.93 points. Discretionary consumption jumped 3.51% to 192.6 points and telecommunications added 2.92% to 152.56 points, led by Sonatel after the stock crossed CFA42,000 ahead of a proposed 10-for-1 split, according to Financial Afrik and Agence Ecofin. Utilities fell 2.38% to 266.29 points, while financial services slipped 0.07% to 245.46 points amid capital increase notices for BANK OF AFRICA BF, ML, BN and SN in analyst reports dated October 5 and October 6. On the corporate side, SOGB said first-half 2026 profit was halved, according to Sika Finance, while Ecobank announced a $2.6 billion commitment by 2030 for women entrepreneurship and agribusiness, reports Financial Afrik, and said it wants to raise lending to female entrepreneurs and agricultural SMEs to 2.28 billion euros, according to latribune.fr.
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BRVM slips 0.28% as energy jumps 2.22% and Sonatel stays in focus
The BRVM Composite fell 0.28% to 543.91 points and the BRVM Composite Total Return lost 0.28% to 219.12 points, while the BRVM-30 slipped 0.36% to 263.20 points. Losses were led by discretionary consumption, down 1.09%, financial services, off 0.71%, and utilities, down 0.60%, while energy rose 2.22% and industrials gained 0.48%. Sonatel stayed in focus after the Oct. 8 extraordinary meeting on its share split, with the changes outlined on Oct. 9, according to Financial Afrik. In banking, several capital increase notices concerned Bank of Africa BF, BN, ML and SN on Oct. 13, while Ecobank reiterated a $2.6 billion commitment to support women entrepreneurship and agribusiness in Africa, according to L'economiste du faso and Capmad.
SONATEL SN issues communiqué